Bank of Ghana revokes the licences of 347 microfinance institutions to safeguard the financial sector
Tuesday, 04 June 2019 19:25
In a release published on May 31, 2019, Bank of Ghana indicated that it revoked the licences of 347 insolvent microfinance institutions to safeguard the financial sector's stability.
According to the central bank, 192 of the institutions concerned are still in activity while 155 have already ceased operations. It added that the licences of 39 microlending institutions have also been revoked.
Live News
-
Zimbabwe Also Plans Higher Gold Royalties as Prices Surge
09:59
-
MOPO and IFC Partner to Expand Solar Battery Rentals in Africa
09:33
-
Egypt to Start 1000 MW Dandara Solar Project in 2026
09:17
-
DRC’s Mwene-Ditu Set for $42.7mln Power Electrification Project
09:13
-
JA Africa and Google Partner to Train 250,000 Children in Online Safety by 2027
07:17
-
Togo’s Fadila Ménage Connects Clients With Trained Domestic Workers
07:09
-
Koshiek Karan Builds Tools to Democratize Investment and Financial Education
07:06
-
Temitope Omotolani Launches Platform for Saving, Investing and Managing Payments
06:57
-
Crédit Foncier net profit jumps to CFA2.2bn in 2024 on lower risk costs
03:08
-
Cameroun weighs private concession for Semry rice mills
03:05
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...
ECOWAS launched the second phase of PAMCIT to expand training in translation and conference inte...
New 10% royalty to apply from 2026 when gold hits $2,501 an ounce Move mirrors recent fiscal adjustments in Mali and Burkina...
IFC to provide strategic advisory support to help MOPO enter new markets MOPO relies on a pay-as-you-go solar battery rental model across six...
Environmental study confirms a 2026 start for the first 500 MW phase Project includes 1000 MW of solar capacity and 200 MWh of storage Egypt...
AEE Power plans a 14.04 MW hybrid mini-grid for the city Network to include solar, battery storage, and backup thermal generation System...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...